November 22, 2024 23:35 (IST)
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US Fed cuts interest rates by 50 bps, first reduction since 2020

US Fed cuts interest rates by 50 bps, first reduction since 2020

Washington/IBNS: The US Federal Reserve, popularly known as the Fed, has reduced its key lending rate by half a percentage point, marking the first cut since the Covid-19 pandemic in 2020, just weeks ahead of November’s presidential election.